One of the biggest anomalies so far this year is how calm the U.S. stock market has been while gyrations in bond yields have been unusually large. My take is that the worst outcome for the stock market would be continued high inflation.
One of the biggest anomalies so far this year is how calm the U.S. stock market has been while gyrations in bond yields have been unusually large. My take is that the worst outcome for the stock market would be continued high inflation.
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